BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A sole proprietorship-also referred to as a sole trader or a proprietorship-is an unincorporated business that has just one owner who pays personal income tax on profits earned from the business.

Detailed explanation-2: -You’re self-employed if you run your own business as an individual and work for yourself. This is also known as being a ‘sole trader’. You can keep all your business’s profits after you’ve paid tax on them. You’re personally responsible for any losses your business makes.

Detailed explanation-3: -A sole trader, also known as a sole proprietorship, is a simple business structure in which one individual runs and owns the entire business. A sole trader is entitled to keep all profits after taxes have been deducted but is also liable for all losses the business incurs.

Detailed explanation-4: -Sole Proprietorship It is the simplest form of business organization. Proprietorships have no existence apart from the owners. The liabilities associated with the business are the personal liabilities of the owner, and the business terminates upon the proprietor’s death.